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ABC
Jan 25, 2013 11:00pm EST
's fastest, most reliable internet. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. . >> that's all for us. i canalways get the latest on the weather, news sports and everything online at abc2news.com. we'll see you.
Current
Jan 29, 2013 8:00pm PST
taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and people are picking through to see who was massacred there. their hands were tied behind their backs, and they were shot in the head. now, one more story about syria iran has jumped in the mix here, in aid to the ayatollah said syria plays a very key role in supporting or god forbid destabilizing the resistance front. for this reasons an attack on syria is considered an attack on iran and iran's allies. the reason why that is devastating is if there is any action taken in syria here we go. it's a much larger war. these are not good times in the middle east, and it is significant trouble, but also in egypt we have trouble there. we had a curfew imposed in three different cities by their leader mohammed morsi. here is mo
NBC
Jan 27, 2013 8:00am PST
a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson 3w0-bowles sai let's get rid of the high tax rates. the president doesn't want that. you had $1 trillion in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut ad
FOX Business
Jan 24, 2013 1:00pm EST
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
FOX News
Jan 26, 2013 12:00pm PST
. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. >> and for the record bush did spend an astounding 3 trillion per year average over 8 years, but obama spent 3.8 trillion per year so far and that is adjusted for inflation so obama spent 25 percent more. they don't believe there. they think it's all bush. they think it's all bush's fault. >> it's a special kind of kool-aid. it's half worship mixed with mass illusion and they are all drinking it. they couldn't answer the question how are you going to pay for it? look at the riots and protests and killing and tlhreats that ae happening in that country. >> this is the scariest part. i assume we will become greece. i hope we can avoid greece. the reaction of people in greece is not to say gee we messed up we spent too much. it's to be angry about the politicians who want to cut back a bit and how do they take it out? they bomb the homes of tv commentators who support some cuts. >> it's the guy in the box. get rid of him. >> that's the model for us? >> unfortunately that's the road w
FOX News
Jan 30, 2013 10:00pm PST
in the reagan administration, they had 7.1 gdp growth. so they had the right fiscal and tax and monetary policies to turn things around then. i think those same principles would work today. >> there are two issues on the table here. number 1, what is wrong with the economy and are the policies correcting it or leading us in the right direction isn't other is the immediate response by washington. some in washington to the very grim news. americans woke up to feel extreme pain, learning that the economy shrunk in the last quarter and the first thing they hear out of washington is with leader peuloseet and white house press secretary, blaming the republicans and even senator marco rubio was quick to release a statement, casting the blame right back on president obama. but there is no effort to -- let's jump into this and solve this problem together. instead, it's immediately start the blame. >> you are absolutely right. one of the things we have to look at, how do we get capital flowing in the united states economy so we have growth and expansion of our small businesses. we look at our corp
SFGTV
Jan 30, 2013 11:30am PST
, moscone north and moscone west. and in that order. and those were backed by hotel tax revenue. in addition, in 2009 the board approved the delivery of certificates of participation as well as the establishment of a [speaker not understood] improvement district allowing for the district to levy assessmentses of up to 1.5% to do improvements. .5% of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. so, we've already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. and we also partnered with sf travel improvement. we are now proposing as part of the expansion another collaboration. so, this is similar to what we've done historically. >> thank you. >> this slide is a highlight of attachment 3 of the budget analyst and legislative report. it shows you a huge cash flow. we are proposing a not to exceed amount of 507.9 million, and we've assumed an interest rate of 6%. we are requesting that as part of the appr
CSPAN
Jan 28, 2013 5:00pm EST
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
CSPAN
Jan 25, 2013 6:00am EST
for many, many years both of the tax consistent with spending. and nobody ever put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011, and the way here it is now being placed on the table again. it's a big mistake and 2011 to create this degree of uncertainty and fear in the u.s. and around the world and the big mistake to do it again today. >> why would any good thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending rather than the other legislative opportunities it would have? what would the reason be? certain not to embarrass the united states of america. >> i have no idea, mr. rangel, but i can tell you that -- >> well, if you don't have any, then maybe it is the objectives of this president at whatever cost, some leaders our so-called leaders have said, that they want to stop this president and the were unsuccessful in that measure. so maybe, maybe they decided to change tactics and maybe this discussion is a necessary and we find some of the way to a handle on the deficit
KICU
Jan 25, 2013 1:30pm PST
! ook have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. >>> here's another update from the lohan news network. lnn. >> lindsay lohan's going to roll the dice and reject a plea bargain. her attorney is like, lindsay fired her as she's on the way into the court to try to get the judge to agree to send lindsay away for nine months of rehab in exchange for not going to jail for lying to the police about that car accident. she's convinced her new attorney, this mark heller guy, he's finally got permission to practice law and represent lindsay so he'll be by her side in court january 30th. she's convinced him she's telling the truth that she never lied to the cops and she just wants to get on that stand. so she can explain. that lip quiver thi
KICU
Jan 30, 2013 4:00am PST
reform. say goodbye to the sticker price. how to talk down the cost of your car. deals on your tax returns could be too good to be true. and, luck of the zuck. a look at how america's youngest billionaire built the facebook empire. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 30th. i'm angel miles. in today's first look: the blue chips turn green, very green. yesterday, the dow finished the session up 72 points to 13,954. the blue chips are now back to levels we have not seen since the financial crisis in 2007, when the dow hit an all-time high of 14,164. amazon amazes despite a drop in profits. last night the e- tailer reported strong holiday sales of its kindle e-readers and a boost in operating incomes. the federal reserve makes an announcement on rates today around 2:15 eastern, wrapping up a two-day meeting. and the senate has confirmed john kerry as the next secretary of state. joe cusick of optionsxpress join us now. joe, there is a lot to talk about this morning, inc
SFGTV2
Jan 27, 2013 7:30pm PST
in tax credits and policies of the public utilities commission to favor alternative energy, independent power production. which is obvious today. when they promoted code- generation it was something very novel. 30 years ago. now you have a different name for a period in his third party power production using power in a driving way to recapture the most efficient way. innovation is important. i have to also, every time we heard the word innovation, i have to put a plug in for tradition. i have a very traditional education. i spent a lot of years in silence speaking latin up in the hills, living within the medieval framework. i do respect the past. we study it. if you are grounded in tradition, you feel quite confident in change and innovation. if you are insecure, you are very reluctant to embrace the unknown. i do think we need to in our education and politics, we have to have a new appreciation for our traditions and the patterns that describe our culture and our being as americans. having said all that, we have saved in california tens of billions in energy efficiency. when i first ad
SFGTV2
Jan 29, 2013 6:30am PST
to $50,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need
FOX
Jan 24, 2013 11:00pm EST
that could take this 3 - ook perfyou, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. a lot of questionsstonight - - about whattoutgoong concerning the deadly terror attack ..in libya... last seem. september. catherine herridge examinnd the secretary's testimony to see matched up with the facts. facts. close scrutiny of secretary hillary clinton's testimony on peveals a llck of consistency. on wednesday, linton cited the independent reviee known as the accountability review board -- or arb -- to buttress her claims the intelligence picture remained complicated. clinton says: "i quote, 'key questionn surrounding the &pidentity, actions, and motivations of the perpetrators remain to be determined.'" b
FOX
Jan 29, 2013 11:00pm EST
surfer. 3 &pp3 3 -3 33 & ook perfect on you, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 & 3 commmn ssess sayy, oo't steal cars.../ butteven more so...// don't steal aacar... you don't... know how to drive. drive. wo armed men in floridaaattempted to ccrjack 3 corveete in orlandoo they pstuck a handdun ii the driiees face then made hii lay down on 3happpned, that's when the drrver haa to give the two crooks a drivers ed lesson at gunpoinn. & 3 they apparennly coulln'tt diiferent times tt push in the & pcutch. because it'' a ssandarddtransmissiin." 3 3 "my first thought wassi guess we don't aveedriver's ee..in school anymore because no one pnnws how to rive a stick. and
ABC
Jan 29, 2013 11:00pm EST
, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announcer ] so go online and send a tweet to a real fios customer. last chance to get fios for just $89.99 a month for 2 years with a 2-year agreement. plus get $300 back. visit got2getfios.com for america's fastest, most reliable internet. call the verizon center for customers with disabilities at 800-974-6006 tty/v. . >> could be some storms by this time tomorrow night so keep watching. >> have a goot good night. there are
FOX News
Jan 24, 2013 6:00pm PST
want we'll show you an f-16 fighter jet and exactly why your tax dollars should not be sending those deadly aircraft to the radical, anti-american, anti-semetic regime in egypt. we'll have that later in the show. in just a minute the latest details on the democrats gun grab and now they want pistols, shotguns, bullet limits on top of the ban. and those of you in the country those of you disappointed of the election results in november, it's time to get over it, stop whining, put your uniform back on, it's time to get back in the game. yeah, obama won a round here and got reelected, we can he not let the country we love go to hell in a hand basket in the meantime. if you don't get engaged right now he's going to win the battle when he wants to transform it into his utopian process. and he's going to bankrupt the country and your constitutional rights. the time for feeling down, sad, depressed, it's over. right now we live in the greatest country in the the world, the country needs you right now, so it's time to engage and i also have a message to elected republicans and conservatives
FOX Business
Jan 30, 2013 9:20am EST
is in this a lexus, the rich moving from high tax states to lower tax states like texas, arizona, tennessee, florida. joining us is ed butowksi, welcome back to the program. you are going to tell me about your clients, no names. clients of yours on the move, calif. out, some place else. you have got a gentleman moving from orange county to where? >> right into dallas. his number one reason was carries no reason to pay, the ceo of public companies that i'm done, moved to dallas, got an apartment and got much smaller but paying nothing in income-tax is because in the state of texas is a big zero. stuart: he has saved an enormous amount of money. >> a very wealthy man and really symbolic of what is happening throughout california. not just the rich. you hear people saying get me out, another client in san diego, not an extraordinarily wealthy person but has done well, retiring, said i am done, and move to idaho. stuart: anybody else in california moving? >> another thing. i manage professional athletes. when they negotiate their contracts one thing becomes of is they will go to california is taxes. how
CSPAN
Jan 30, 2013 6:00am EST
will not, not now, not ever support raising the gas tax. [ applause ] the answer to our infrastructure problems is not to tax our people more. it is so spend their money smarter. why would we raise the gas tax to improve infrastructure when all of the gas tax dollars we currently collect don't go to improving our infrastructure now. millions of dollars each year in our gas tax revenue are being diverted away from our bridges and our highways. let's change that. and then let's invest more of the money we already have into this vital area. every year you hear me talk about the money tree that falls during session whereby new dollars appear above and beyond what was available whin we balanced our budget in december and january. let's prioritize that money differently this year. we've's released an executive budget that is balanced. funds the core function of government. strengthens underfunded needs like mental health and law enforcement and identifies money for road and bridge improvements. let's follow that blueprint. we can make our state safer and our business climate can be more dyna
CSPAN
Jan 29, 2013 7:00am EST
where republicans and democrats seem to agree that something needs to be done on tax issues or fiscal issues, where there has been an impasse for many years now. host: in terms of the principle, how detailed is the outline? are we talking about a bill taking shape or just a sketch at this point? caller: it is more of a sketch, the first step in trying to get an actual bill going. basically these are legislative goals that include four areas, one is a package, one is overhauling the existing system, another is establishing a way to ensure that there is less illegal hiring of workers, and another is to create a guest worker program. but those goals, we do not know how that will be achieved or worked out over the next few months. things are supposed to get going here as soon as next month. senator schumer and the other senators believe that they could have something by late spring, early summer. host: looking at "the san antonio news," we have this headline -- "upset republicans." what are you hearing about republicans getting things through? caller: house republicans do not seem to be o
FOX Business
Jan 27, 2013 8:30am EST
and the no new taxes pledge and the black caucus, threats against anyone who cuts any hint of services and entitlements. scared of the aarp, ending anything having to do with retirement or medicare. >> and in the end of the day we'll be in default and like the story, f. scott fitzgerald-- or hemingway, went broke during the crash and he asked how it happened and he said gradually and then all at once, that's what will happen to us. >> one thing at that doesn't stop, the meter, the debt meter, mountain of debt. >> on and on. the average family in this country $52,000 your share of the federal debt and let me tell you, even if the left and right agree where to cut and give you an example here, there is an example, the christopher columbus foundation, $450,000 line item in the budget and congress tried to kill it it seven times, seven times this program continues to this date. and the president tried to kill this program. it still goes on, and these guys can't save money for love or money. >> and charlie, were you standing up for the christopher columbus thing? or were you the one in the
CSPAN
Jan 29, 2013 8:00pm EST
including increasing the gasoline tax say you have some extra money. >> that is the definition of a no-brainer in terms of constructive policy. gas goes up and down by a large margin every year. if he could cap some of that infrastructure, it would be great. >> infrastructure, and tandem reform, gas tax -- entitlement reform, gas tax. who's in? >> i might be. >> no. >> i'm in. >> i will consider it. f the close of the deficitm, i'm in. >> depends on your definition of attach the reforms -- of you get into what those words really mean, and i began to say that is not reform. >> there is nothing in the plan that asks everyone to pay -- there is nothing that ask the wealthy to be part of the solution. >> what we have here is a disagreement as to the basic problem. we are still hearing talk about tax on the wealthy. we just got some tax on the wealthy. it will pay for about a week of running the federal government. if we confiscated everyone's income that make over 250,000 north, it pays for one year of the deficit. i am just saying, if we brought it down to what the president wante
MSNBC
Jan 31, 2013 3:00pm EST
basically extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of government with unspecified cuts or to spending problem, not a taxing problem. but when you try to pin people down on numbers, you find out that what they're talking about is spending too much money on social security, medicare, head start, transportation or even embassy security. if you look at the budget last couple of years, embassy security was being cut so when they talk about these cuts, without specifying them, you're not really doing a budget. we passed -- we passed a -- almost $4 trillion tax cut without an indication of how to be paid for. now we have the sequester kind of hanging over our he
FOX Business
Jan 24, 2013 9:20am EST
the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing by us. >> hopefully. >> stay there for a second, carol, i want your opinion on another news item. and we broke the story yesterday, union membership, it's way down. i've got some numbers for you, in all, 400,000 workers, less left the labor movement, gone, 400,000, the state of wisconsin lost 46,000, 13%. indiana, where a law passed last year that doesn't require workers to pay a union fee, still allows them to benefit from collective bargaining, that lost more than 56,000 union members in that state. down 18%. most of the municipal workers, by the way. and these are the lowest union levels since 1916, i believe. carol, it occurs to me that unions have a lot of political power at the moment, but they're sharply declining membership. >> they do. and you know, it's funny, i am he' the daughter of a union electrician so
FOX Business
Jan 31, 2013 12:00am EST
. >> we know that a strong middle class means more growth overall. i agree about the payroll tax cut and i wish that had not gone away. i do not think that was a good moment for us to go away. i'm on board with that. but i have to tell you that i don't want to lay blame here, but i'm going to. that is all because of congressional republicans. they did not want to see that. [talking over each other] [talking over each other] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back agai. david: friday numbers will be critical. melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. what did boeing's management know and when did they know it? a new report says boeing was aware of the dreamliner's battery problems all along. so why wasn't anything done? we have a t
SFGTV2
Jan 28, 2013 5:00pm PST
. the redevelopment by the state was a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing
ABC
Jan 24, 2013 6:00pm EST
the gasoline tax. mcdonnell says the gas tax is introducing enough revenue to introduce new roads. >> the gas tax is on a long decline. you're going to have a problem in five, 10, 15 years. >> i think it is a great died idea. >> if he gets his way virginia will be the first state to have no gas tax. he wants to an a fee on alternative vehicles. he says that will generate $600 million more than the current gas tax. >> i don't mind it is low compared to the rest of the nation. i would be ok with that. >> the governor is going around the state to push his transportation bill now because next week it will likely come up for debate in a possible vote in the legislature in richmond. >> ok, metro unveiled their long-term infrastructure plan. it is not cheap. it will cost about $1 billion a year to maintain the system after current repairs are done. they are also proposing a half million dollars annual for train, cars, and other improvements. the plan, look at 2014 and beyond has to be approved by the board. >> a deal to cut down on philly bitting is one s
SFGTV
Jan 30, 2013 10:00pm PST
in san francisco including the room tax collection, job creation is due in large part because of the passage of the tid four years ago. so we encourage your favorable response at this time. thank you. >> sure. >> good morning, chair, supervisors avalos and mar. my name is brook [speaker not understood]. today i will go over a few slides to discuss the project's phasing and square footages to familiarize you on the project. so, we have an investment opportunity to expand an important facility for san francisco, that's the moscone convention center. the slide that you see before you today, we are looking to add about 26,000 square feet of meeting rooms to bring it up to 85,000. 80,000 square foot or more of contiguous exhibit space which is the most important space for the convention center. up to 87,000 in multi-purpose space and 178,000 of support spaces such as loading, service, restaurants and things like that. the -- one of the key objections of the expansion project would be to maintain continuous operation during the construction for the expansion of the moscone conventio
FOX Business
Jan 27, 2013 8:00am EST
market is looking at, is the government is so much in gridlock. look, the democrats hated bush tax cuts and they made them permanent and they continued the biggest stimulus program in the history of mankind, 40 cents of every day dollar we don't have. the stock market looks at that, look, free government money everywhere, low taxes, let's party and that's what the market's doing. there's no one in charge in washington d.c. absolutely no one. >> brenda: and wall street likes that. >> yes. >> brenda: caroline, you want to weigh in here? >> well, absolutely. toby, i don't know what u.s. you're living in because we're in economic calamity. we don't have much of a middle class so we have a very long recession, we're not getting out of it it because of the lack of aggregate demand and flexibility in our market system because we have such a bifurcation of rich and poor. and what we have is a david versus goliath. >> hang on professor, i'm looking at the worst calamity here. >> are we not in a calamity? >> no. >> brenda: should unemployment go up, do you think, because the labor relations board
FOX Business
Jan 28, 2013 1:00pm EST
. when i came into office the governor and general assembly without my support passed a large income tax increase here in the january of twe ven. the sad thing we're now two years into the income tax increase and they raised money and not respond to the problem. i think this year, this spring session of the general assembly it will finally come home to reality. not only downgrades, moody's, fitch and standard have eight watches, warnings or downgrades since the income tax increase has gone into effect. what comes next the fiscal year fourth four, natural revenue growth from illinois coming from sales tax, gaming without tax increases is $600 million. but the reality of the amount of increased payments into the public pension systems is $945 million. i think they will have to deal with this $345 million spread. reality is --. melissa: dan, i applaud your optimism you think this will finally be the come to jesus moment where they realize there is huge problem but i don't know that is necessarily the case because we see california going down the same road. seems like politicians almost neve
FOX News
Jan 26, 2013 8:00am PST
for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to work states and they paid competitive wages and di
FOX News
Jan 31, 2013 10:00am PST
. >> fox news lart. issue of americans moving tons avoid paying higher taxes. golfer phil mickelson recently complained about paying higher taxes and said he may move elsewhere but apologized or admitting that. tiger woods moved to florida who has no state income tax. states with the higher taxes are among those seeing their populations decrease. the high rates are in orange while states with owe over head are seeing population growth some of those are in green. simon rosen burg who is president and founder of a think tank advocacy organization. a fellow at the american enterprise institute and former speech riert for president george w. bush. if you look at what's happening in the state eliminating their state income tax or lowering their state income tax it is remarkable for those choosing the opposite route. >> that is exactly right. what the democrats don't seem to understand is taxes effect behavior. wh when you have a situation in high tax states like california like the tax policies have become compensatory it's not just phil mickelson and tiger woods. the state of california
WHUT
Jan 24, 2013 7:30am EST
. >>> japan's ruling coalition parties have been talking about tax as the basis for the new budget. they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of 45%. that's up from the current 40%. the new rate set to go into effect in january 2015. >>> all right. that's going to do it for biz tonight. i'm going to hand it back to gene. >>> ron, thank you for that. a japanese citizen considered missing after last week's hostage siege at a natural gas plant in algeria is now confirmed dead. this brings the number of japanese victims to ten. islamist militants attacked the desert facility and kidnapped hundreds of workers. chief cabinet secretary yoshihide suga jus
WHUT
Jan 24, 2013 8:00am EST
are going to get into solutions. there is something they have been advancing called the robin hood tax. it is gaining steam, all kinds of americans are starting to buy into this. i want you to hear about a as one solution to the problem. please welcome roseanne. >> as we all know, wall street does not pay its fair share. there is a minimum of 50 cents on stocks. we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent registered nurses in the unions across this country. they are of the finest tradition of martin luther king -- they are about humanity. they do not make distinctions among patients. they do not care if you are rich or if you are poor, if you are b
FOX Business
Jan 30, 2013 6:00pm EST
, but the fact there are no taxes. one former new yorker tells you his story. can an ad publicly shame you out of bad habits? i'll break it down, next. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ gerri: escaped from new york. it's not just something retirees say. a growing number of working professionals are leaving new york and other states in the northeast for conditions down south, and not just for lower taxes and more sunshine. what's the draw? joining me now, ceo of hedge cofrom new jersey calling west palm beach his home. i've been there many times. that's a nice
FOX Business
Jan 30, 2013 10:00pm EST
moving from new york to florida, would you move to could your income taxes? here is how you voted. 94 percent said yes, 6 percent said no. i go with that. be sure to log on to gerriwillis.com for online question every weekday. finally tonight, critically important, the answer is, yes, according to a new report. domestic cats, household pets that go outside and sprays killed millions of birds and small mammals each year. and the breakdown of fluffy and his friends killing spree, an average of 2 billion birds and 12 billion small mammals such a chipmunks, rabbits, and mice every year. according to researchers, more birds and mammals died at the mouths of cats than car accidents, boys as chemicals, and in on collisions with skyscrapers and windmills. part of a three-year fish and wildlife study. is this your tax predellas a work? crazy. that is my "2 cents more." that's it for tonight on "l dobbs tonight." have a great night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession.
FOX News
Jan 30, 2013 7:00pm PST
at keorpt business tax rate which is the highest in the world we need to turn that around so we can create opportunities and get people hired and start producing again. another thing we have to be concerned about with this anemic almost retrograde g.d.p. number, you have a federal government that spending 25% of our degrees domestic product and that is going to increase from 30-31% over the next eight to ten years. once again, we have to look at the spending that is being done up in washington, d.c. here in january you see with the payroll tax cut that was taken from 4.2%, went back to 6.2%. you have a lot of people seeing that missing revenue in their state checks. you have eight new taxes from the affordable care act. >> greta: if i were a member of congress, i would hope the president or the white house press secretary, i would hope that if i woke up and saw a shrinking economy, i would think to myself, what am i doing wrong? i'm a political leader. i'm a member of congress or whatever. what is it that i am doing wrong. i would hope that my first thought would fire off a statement, sayi
NBC
Jan 28, 2013 3:00am PST
to raise tax rates. a lot of the democrats i talked to and even the white house said they are willing to do tax reform where there could be additional revenue. are you opposed to any additional revenue that could come from tax reform? >> we offered that back in the fiscal cliff negotiations. the president got his additional revenues. that's behind us. those higher revenues occurred, and now we need to focus on getting spending down. >> here is the leverage question. senator schumer said we didn't just get our revenues. we got some. there has to be more that are part of it. the president will say that. so as you are -- >> are we for more revenue? no, we are not. >> even if it's from tax reform? >> if you keep raising revenues, you're not going to get different tax reform. i know you didn't want a chart, but i'm kind of a chart guy. this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going
FOX
Jan 29, 2013 5:00pm EST
and that includes keeping the gas tax and that gas gas stations would pay to distributors. the republican governor reacted to the plan today on wtop radio. let's listen. >> i think they have a significant tax increase and gas indexing and so forth. is that is why i tried to address it by replacing it with a sales tax and that is more. it's general fund and a fee and revenues. it's 845 mimes and that is -- 845 million dollars. we get money for railfo dulles, improve mes on 238 and 266 and 234, the paving and -- this will help northern virginia. >> and the house finance committee is to vote tomorrow and the senate on thursday. >> the get ready for traffic jams in fairfax county. two separate water main breaks are causing problems. the one commuters should be most concerned about is on richmond highway and shields avenue and north kings highway and only one northbound lane is open and this is likely to be a mess through rush hour. the crews are working on a water main break on virginia 236 at willow run drive. one lane is open there. >>> the speed limit could be going up on the unter county connector
CNN
Jan 24, 2013 11:00am PST
lower. what you are seeing is a lot of investors wanting to take a profit before the capital gains taxes kicked in. you started seeing the stock sell off last september. as for today, they are choosing to get out and they are seating up. phones and tablets and the heat is coming heavier these days. >> it's about innovation here since steve jobs passed. tim cook took over and what does it say about tim cook's tenure as ceo? >> does he get the blame? sure. the buck stops with him. he's the same guy who oversaw the debut of the iphone 4s. he's the guy who stared the stock price. when kwook took over, the price doubled in the first year and his charge peaked in september. shares have tumble and there two camps and schools of thought. wall street and analysts say that they don't have the confidence that he can deliver, but this is an incredibly healthy company with $137 billion tucked away and the next four quarters show what this showed last night, maybe they will ree valuate. for now, cook should stay. >> we are just minutes away. president obama expected as we are looking live at the white
CSPAN
Jan 27, 2013 6:00am EST
, a trillion dollar tax hike took effect. the senate voted to prevent tax hikes and 98% of americans. and made the lower tax hikes permanent. president obama got less revenue than the speaker offered in the first place. in short, there is no way we were going to get a better deal for the american tax payer. we wanted to keep tax hikes low for everybody. we wanted to cut spending. otherwise every single taxpayer would have paid higher taxes and our economy would have gotten into a nosedive. the decision was simple. if you think a bill needs to pass, you vote for it. many of my colleagues voted the other way. i respect their decision. prudence demands mutual understanding, especially among friends. my colleagues and i saw the same thing. we wanted a smaller, smarter government. we simply differed on the means. that is the difficulty of governing. it should not be a cause for division. our tactics will differ from issue to issue, but our strategy remains the same. in the next four years, opportunity will not come easily. we have to pay our bills and make sure we can pay our bills tomorrow. to do
FOX Business
Jan 24, 2013 9:00pm EST
what obama spent. >> i think we can do it if we stop spending a lot of money on wars. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. john: for the record, bush did spend an astounding $3 trillion per year, but obama spent 3.8 trillion per year so far, and that is adjusted for inflation. so obama spent 25% more. but they don't believe that. they think it's all bush's fault. >> it's a special kind of kool-aid, it is half worship ms. with dilution -- mixed with dilution. look at the threats that are happening in this country? john: i hope we would learn from what happened in greece. but as of this week, no longer do because the reaction of people in greece is not to say we messed up, we spend too much, it is to be angry about the politicians who want to cut back. and how do they take it out, they bombed the homes of tv commentators who support this. so that is a model for us? >> unfortunately that is the road we are headed down. i live in california and we see it coming faster. we shouldn't be that close to greece being on t
FOX Business
Jan 29, 2013 5:00pm EST
to the population. you know, a bigger populationings that's more labor, more consumption, a bigger tax base. you're a bigger economy like china. wouldn't more legal immigrants help us grow the economy? >> there's no question that adding more labor input makes the economy bigger, but there is not really any research to show it makes the economy better or more accurately, it raises per capita income. of course, that's what matters; right? canada and mexico have very roughly the same size economy, but we don't say, well, gosh, they are equally rich. no. mexico's population is several times larger, and so it's per capita is much lower. as far as we can tell because of the immigrants tend to be somewhat poorer on average, the overall per capita actually goes down when the immigrants arrive so it does make a larger gdp, but it doesn't seem to i'll -- improve the economic situation of the native born. immigrants do benefit, and that could be an argument for immigration. melissa: if they were legal, paying taxes, that's a big difference, especially from the perspective that one of th greatest costs is t
FOX News
Jan 30, 2013 1:00pm PST
that happened in three and a half years. all this as democrats are pushing for more tax hikes. former reagan advisor art laffer says that is the last thing we need. first thing in three and a half years we will an actual contraction in the economy and brought it to 2.1%. we spent $5.8 trillion and this is what we get for it. >> it's just dumb on the outside. government spending is milton friedman is taxation. government doesn't create resources, it redistributes resources and this government spending is why we had the recession. obama continued the bad job for four straight jobs and this is the result. >> eric: but they would say isn't for government spending we would have no growth? >> government spending it's not in spite of government spending it's because of the government spending. we think of it, you got two guys in the world, "a" and "b". if "b" gets unemployment benefits who do you think pays for it. it's "a" and it's taxation and that is the root of the problem. >> you drop taxes like the blogo sphere, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest
MSNBC
Jan 27, 2013 12:00pm PST
. for the president's proposal the path would include the requirement that those illegal immigrants pay back taxes and fines. that is one topict that this morning we heard mixed support on. mccain ameng those saying he believes will take place. so did senator menendez and senator dick durbin today. >> peter alexander thank you so much from the white house. we will come back to you later in the show. >>> the other big battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain pos
FOX News
Jan 24, 2013 7:00pm PST
of other californians about to do it as well? is your sounds like it, new california state tax hikes sending some residents fleeing california. so where will they go? nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta: what would be the reason, folks from deeper into the state away from nevada, but if you live on the border of california, unless you're really wedded to your house, why not move the mile into nevada and save yourself 13.3%? >> absolutely. absolutely. >> when does it make sense? suppose i have a business in california and i'm thinking of selling my business, should i move to inform nenevada before it or stuck paying the taxes no matter what. >> depends on t
SFGTV2
Jan 29, 2013 7:00am PST
. the next one will also be on how to grain your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> hi, everybody. my name is carmen chu. why don't we get started. with a marking up with the department of small business -- we have been working with the department of small business. this project started when we heard from neighborhood merchants. unfortunately, they had access issues, visibility access issues. we have been working closely with many of our partners year today to educate about these -- many of our partners year today to educate about these issues. also in terms of bo
SFGTV
Jan 29, 2013 2:30am PST
were determined to protect in that debate was the new markets tax credit, something that has benefited some of these kinds of initiatives throughout the country. so whether it was long ago and the low-income housing tax credit of which mercy housing has participated in over and over again and the new market tax credit, one of the current versions of the story. or the section 8 vouchers or the rest of that, public policy has played a role. but we can only be successful in achieving the funding for that public policy if we have examples of national significance to say this must be a priority. and it is a priority because mercy housing and st. anthony's makes people the priority. results. deeds, not just words. the words are important, but they are no substitute for making something happen from it. we all know the gospel of matthew and i was hungry, you gave me to eat and that is what st. anthony's has done. when you were homeless, you gave me shelter and that is mercy housing and they have come together. it's not just about food and housing, but it's about dignity and stability and resp
FOX Business
Jan 24, 2013 5:00pm EST
interest rates rise, our taxes are going to have to be higher to pay that debt. now, not all of that debt is held in the united states so it's not a question of just having to pay taxes in order to pay the american holders of that debt. about half the debt is now held outside the united states. chinese, middle east, others. we're going to have to raise taxes in the u.s., produce goods and services in the u.s., and ship them to the chinese, to the middle east, and others. the bigger the debt is, the more of that we're going to have to do, so it's a serious problem, and it also means that things could get out of -- really out of whack as they have in europe if suddenly foreigners or others just don't want to go on holding that debt. melissa: do you think that happens? there's a lot of people that say, you know, they don't want to stop buying our debt because we're the best game in town no matter how bad it gets, but that would be the tipping point when they come in and don't buy our debt. people say that would never happen. you honestly believe that would happen? >> it certainly could. it's
FOX Business
Jan 24, 2013 6:00pm EST
. now stores will be allowed to pass the extra cost on the you, like a tax. up to 4 percent of the total cost of whenever you're buying. with us now, consumer education president, smart credit dot com. the president of optimum capital management. great to have you both year. al start with you. what do you make of this? >> this is really bad news for consumers. we are already getting nickel-and-dimed to death, and we are about to get even worse. essentially, the fee that the market had -- merchant has to pay to exit the credit card, cone -- commonly called a slight fee, in the past they have not been able to charge a line-item extra cost to the consumer to cover that. starting this sunday will be allowed to. that is the bad news. they have already baked in that she in the price of the merchandise the you're buying. so now not only unable to charge a fee on top of what you're already purchasing, but essentially paying the fee to times over, and those of us to pay cash are really getting screwed because we're still paying the fee for people using credit cards. gerri: i want to show people s
FOX Business
Jan 28, 2013 10:00pm EST
solutions. arrive from texas, no more reform, no more income tax, flat, or otherwise. passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local store called fresh market has a weekly special, gallons of milk for $2.99 each and every tuesday. not anymore. the state is worried such deals to drive competitors out of business. isn't that what free-market are about? if they want to compete, lower prices. if not, what consumers walk up the door. that's my "2 cents more." it's obvious. coming in tomorrow, president obama's says deficit reduction is not a goal unto itself. shouldn't it be? of every action. that's it for tonight on "the willis report." thank you for joini
FOX Business
Jan 29, 2013 9:00pm EST
. >> yes. let me count the ways. we have rebates not given on prepaid debit cards, tax refunds , unemployment benefits. if you listen to the industry, they want you to put your paycheck. have you done that yet? is just -- the way -- the ways are countless on how these are seeping away into almost every single facet. gerri: debit cards are, you know, supposed to take the place of a bank checking account. and that is not a good idea. why? >> it is not a good idea, and it is simple math. i have this discussion with my five year-old all the time. greater than zero? in the industry does not seem to get the simple math will always roll. having a well managed checking account with a bank or credit union costs you a grand sum total of $0 per month. very hard to do. gerri: you have to shop around because bank of america, big banks' charges $6 to made dollars. they charge you money every month. you have to go to a credit union will a local bank to get as good deals. >> that's right. 10,000 credit unions in this country, and i cannot find one that has a monthly fee on the check accounts.
FOX News
Jan 29, 2013 2:00am PST
. >> they have to pay back taxes have a noncriminal record and learn english and understand and study our history. they have to get in line behind everyone else. they will be granted legal status but they have to get behind everyone else who has waited legally to get green card status. >> some conservatives are expressing concerns with the plan. ted cruz says allowing immigrants who came to the united states illegally is inconsistent with rule of law and not fair to immigrants who came here legally. >> kelly wright live. thank you. this morning we are hearing from florida senator marco rubio. rubio sitting down with sean hannity to discuss the senate proposal we told you about yesterday and discussing what he thinks are the necessary steps in the immigration process. there must be enforcement measures before a green card. >> i think it's a good time to remind people the vast majority of con sefb tives favor legal immigration. we don't have a little immigration that works right now. illegal immigration undermine illegal immigration. he we understand we have to deal with this. we have 11 million pe
CNBC
Jan 24, 2013 1:00pm EST
. did raising taxes work for california? we know it didn't work for phil mickelson. >> we hope he doesn't move away because we need him in his state of the state speech, governor quotes genesis seven years of fat followed by seven years of lean. he says the fat is back. and up next, what he plans to do about it. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. tdd# 1-800-345-2550 when the spx crossed
FOX News
Jan 23, 2013 7:00pm PST
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our future and
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